Mixed-Use Property with Residential
New
For Sale
$849,900
1520 Richmond Ave, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size1,700 SF
Lot Size0.07 Acres
Price / SF$499.94
Days on Market6
Property Features for 1520 Richmond Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 3
Parking features
Driveway
Fencing
Fenced
Subdivision
Bulls Head
Directions
Jardine Ave
Standard status
Active
Size
1,700 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
11778
Utilities
Heating system
Natural Gas
Building Details
Year built
1978
Floors in Building
2
Listing Agency:
CENTURY 21 PAPP REALTY
Listed By:
Angelo Pappalardo · License #10311207495
Added: Aug 18
Changed: Aug 22
Last Checked: Aug 23 at 5:06AM
MLS# 11940007
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial area with residential accommodations, offering a two-bedroom, three-bathroom configuration. The building contains 1,700 square feet on a 0.0744-acre lot and was constructed in 1978. Natural gas heating, a driveway, and fencing are included.
The property fronts Richmond Avenue in Staten Island and is positioned near the Staten Island Expressway, public transportation, shopping, restaurants, and established businesses. Its commercial presence along the corridor supports professional or medical use, while the residential portion can accommodate occupancy or rental income.
The property fronts Richmond Avenue in Staten Island and is positioned near the Staten Island Expressway, public transportation, shopping, restaurants, and established businesses. Its commercial presence along the corridor supports professional or medical use, while the residential portion can accommodate occupancy or rental income.
Key Highlights
- Mixed‑use property with commercial and residential components
- 1,700 square feet on a 0.0744‑acre lot
- Two bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$870,900
$870.9K
Cap Rate 7%
$622,071
$622.1K
Cap Rate 9%
$483,833
$483.8K
Market Conditions
NOI Build-Up for 1,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.0K $42.96/SF
− Vacancy
−$15.0K −$8.81/SF
EGI
$58.1K $34.15/SF
− OpEx
−$14.5K −$8.54/SF
NOI
$43.5K $25.61/SF
Area
ZIP 10314
Vacancy
20.50%
Lease Rate
$42.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$870,900
Cap Rate 7%
$622,071
Cap Rate 9%
$483,833
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,545 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$614.2K
$537.4K – $716.6K
NOI $42,995 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$811.1K
$709.8K – $946.3K
NOI $56,780 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components support owner occupancy, professional use, or rental income.
Where is this mixed-use property located?
The property is located at 1520 Richmond Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential components; 1,700 square feet on a 0.0744‑acre lot; Two bedrooms and three bathrooms
